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Friday, Nov. 12, 2004 | 10:52 a.m.
The Standard & Poor's 500 Index rose to its highest close in more than three years on Thursday, led by a decline in oil prices and the Federal Reserve's statement that the U.S. economy and labor market are improving. The S&P 500 index added 10.57, or 0.9 percent, to 1173.48.
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